Pacer Advisors Inc. Has $12.25 Million Stock Position in Stride, Inc. $LRN

Pacer Advisors Inc. lifted its position in shares of Stride, Inc. (NYSE:LRN) by 12,051.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 188,711 shares of the company’s stock after acquiring an additional 187,158 shares during the quarter. Pacer Advisors Inc.’s holdings in Stride were worth $12,253,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Newbridge Financial Services Group Inc. acquired a new stake in Stride in the second quarter worth about $25,000. Northwestern Mutual Wealth Management Co. lifted its position in Stride by 78.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 193 shares of the company’s stock valued at $28,000 after purchasing an additional 85 shares during the period. Leonteq Securities AG acquired a new position in Stride during the 4th quarter valued at about $35,000. Caitong International Asset Management Co. Ltd boosted its stake in shares of Stride by 482.1% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 617 shares of the company’s stock valued at $40,000 after purchasing an additional 511 shares during the last quarter. Finally, Geneos Wealth Management Inc. boosted its stake in shares of Stride by 62.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 340 shares of the company’s stock valued at $43,000 after purchasing an additional 131 shares during the last quarter. Institutional investors and hedge funds own 98.24% of the company’s stock.

Stride Price Performance

Stride stock opened at $83.05 on Friday. The firm has a market capitalization of $3.53 billion, a P/E ratio of 12.82, a PEG ratio of 0.50 and a beta of 0.10. Stride, Inc. has a 1 year low of $60.61 and a 1 year high of $171.17. The business has a 50-day moving average of $92.88 and a 200-day moving average of $82.70. The company has a current ratio of 6.21, a quick ratio of 6.14 and a debt-to-equity ratio of 0.29.

Stride (NYSE:LRN) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $2.30 earnings per share for the quarter, beating analysts’ consensus estimates of $2.21 by $0.09. The business had revenue of $629.87 million for the quarter, compared to the consensus estimate of $629.69 million. Stride had a net margin of 12.15% and a return on equity of 25.20%. Stride’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same period last year, the company posted $2.02 EPS. On average, equities analysts anticipate that Stride, Inc. will post 8.21 EPS for the current year.

Wall Street Analysts Forecast Growth

LRN has been the subject of a number of recent research reports. William Blair reissued an “outperform” rating on shares of Stride in a research note on Monday, June 15th. Barrington Research reaffirmed an “outperform” rating and issued a $125.00 price objective on shares of Stride in a research note on Thursday, April 16th. BMO Capital Markets reaffirmed a “market perform” rating on shares of Stride in a report on Monday, June 15th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Stride in a research report on Friday, April 10th. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, Stride currently has an average rating of “Hold” and a consensus target price of $109.75.

Stride Profile

Stride, Inc (NYSE:LRN) is a technology-driven education company that designs and delivers online learning solutions for students and adult learners. Through long-term partnerships with state-authorized public school districts, Stride operates virtual academies that serve K-12 students across the United States. The company’s blended-learning model combines digital curriculum, live teaching support and data analytics to personalize instruction and monitor student progress.

In addition to its K-12 offerings, Stride provides a portfolio of career and workforce readiness programs under its Stride Career Prep division.